Consent Letter Format

How to write / Sample / Template / Example of consent letter of directors to Bank (SBI, ICICI, AXIS, PNB, IDBI, HSBC, HDFC etc ) for Loan against property mortgage in word / .doc 

CONSENT LETTER

To,

The Manager

State Bank of India

Nariman Point Casa

Mumbai – 458 782

                   As part of the consideration for your making or …………………………….

continuing ……………………. advance to ……………………………………………… (Insert the name of the borrower) by way of Term loan/Demand Loan/Demand Cash Credit/ Bills purchased or discounted to the extent of Rs. ……………………

                   * I / We agree to give mortgage of the following properties :

                  

                   (Here give details of the property/properties)

                   I / We ……………………………….. further declare that no mortgage, charge lien or encumbrance of any kind has been made or allowed over or affecting our aforesaid property/properties or any part thereof.

                   I / We …………………………… further declare that no mortgage, charge, lien or encumbrance of any kind has been made or allowed over or effecting our aforesaid property/properties or any part thereof, except the following mortgage/charges

                   (Here insert short particulars of any existing mortgage etc. including the banks mentioning the name of beneficiary, amount and purpose of the charge).

                   *I / We …………………………….  further undertake that no mortgage/charge, lien or encumbrance shall be made or allowed while ………………………………………  (Name of Borrower) remain indebted or liable to you in any manner without your previous consent in writing.

Date : ……………………………

Place: ………………………….                                     Signature of Owner of the property

* Strike off whichever is not applicable.                                                                      .

To,

The Branch Manager

State Bank of India

Nariman Point Casa

Mumbai – 458 782

Sir,

I / We, understand that as a pre-condition, relating to grant of the loans/advances/other non-fund-based credit facilities to me/us, The State Bank of India (the Bank here after) requires my/our consent for the disclosure by the Bank of information and data relating to me/us, of the credit facility availed of/to be availed, by me/us, obligations assumed/to be assumed, by me/us, in relation thereto and default, if any, committed by me/us, in discharge thereof.

2.           Accordingly, l / We, hereby agree and give consent for the disclosure by the Bank of all or any such.

              (a)      information and data relating to me/us.

      (b)      the information or data relating to any credit facility availed of/to be availed by me/us, and

      (c)      default, if any, committed by me/us, in discharge of my/our such obligation.

As the Bank may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. and any other agency authorized in this behalf by RBI.

3.        I / We, declare that the information and data furnished by me/us to the Bank are true and correct.

4.           I / We, undertake that :

(a)            the Credit information Bureau (India) Ltd. and any other agency so authorized may use, process the said information and data disclosed by the bank in the manner as deemed fit by them, and

      (b)      the Credit information Bureau (India) Ltd. and any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf.

Signature of borrower

(with seal)